This is one of the largest companies in the world and is undoubtedly trying to deploy more AI. It's impossible to say that technology changes are behind this but it's a big change from 2021 when no one could find enough employees.
This is hitting on the same day as a poor ADP number which will get the market's attentionA huge company like MSFT laying off workers is a green light for others to trim as wellTech companies have an incredible opportunity to boost margins by thinning out staffing while revenues remain sticky
Shares of Microsoft are down 0.5% in the pre-market.
This article was written by Adam Button at www.forexlive.com. Read More Details
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